<ul><li>Italy is considering raising the capital gains tax on Bitcoin and other crypto assets from 26% to 42%.</li><li>The proposed tax hike is part of Italy's new budget bill aiming to generate resources for youth, businesses, and families.</li><li>Italy plans to curtail cash usage to tackle money-laundering and tax evasion.</li><li>Several European countries have introduced strict cryptocurrency regulations to combat the misuse of digital assets for illegal activities.</li></ul>

Crypto Tax Hike? Italy Mulls Raising Capital Gains Tax On Bitcoin To 42%

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